Shareholders have approved Disney’s purchase of 21st Century Fox. According to Deadline, “the whole procedure took maybe 10 minutes” with 99% of the shareholders for both companies approving the acquisition of Fox assets.
The press release states that the acquisition will bring Disney the film and TV studio assets held by 21st Century Fox, along with cable networks FX and National Geographic. Disney will also gain Fox’s 30% stake in Hulu, which raises questions as to the future of Disney’s planned 2019 streaming service.
Via Disney Chairman and CEO Bob Iger, “We’re incredibly pleased that shareholders of both companies have granted approval for us to move forward, and are confident in our ability to create significant long-term value through this acquisition of Fox’s premier assets.”
Marvel Studios and Kevin Feige have not yet released any statement regarding intentions to integrate the X-Men/Deadpool/Fantastic Four and Marvel cinematic universes. However, barring any last-second regulatory challenges to the acquisition, there are now no legal or financial hurdles preventing such an integration.
Which means, among other things, Tony Stark now has a new big purple space guy to worry about.
